[119 Pages Report] The virtual data room market was valued at USD 856.7 Million in 2016 and is projected to reach USD 1,895.0 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. The base year considered for this report is 2016, and the market forecast period is 20172022.

The major growth drivers of the virtual data room market include a rising need for intellectual property and risk management and increasing volumes of business data due to complexities arising from merger and acquisition activities.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global virtual data room market on the basis of business function, component, deployment type, organization size, vertical, and region. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and developments; and Research and Development (R&D) activities in the market.

Research Methodology

The research methodology used to estimate and forecast the virtual data room market begins with capturing data on key vendor revenues through secondary research, which includes directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market that was derived from the revenues of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the figure below:

Key Target Audience for Virtual Data Room Market

The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 25 years for prioritizing efforts and investments.

Scope of the Report

The research report categorizes the virtual data room market to forecast the revenues and analyze trends in each of the following subsegments:

Virtual Data Room Market research By Business Function

Marketing and sales

Legal

Finance

Workforce management

By Component

Software

Service

Managed services

Professional services

Consulting services

Support and maintenance services

By Deployment Type

On-premises

Cloud

By Organization Size

Small and Medium-sized Enterprises (SMEs)

Large enterprises

By Industry Vertical

BFSI

Retail and eCommerce

Government

Healthcare and life sciences

Telecommunications and IT

Real Estate

Others (media and utilities)

By Region

North America

Europe

APAC

MEA

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:

Product Analysis

Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the North American Virtual Data Room market

Further breakdown of the European market

Further breakdown of the APAC market

Further breakdown of the Latin American market

Further breakdown of the MEA market

Company Information

Detailed analysis and profiling of additional market players up to 5.

The global virtual data room market size is expected to grow from USD 949.2 Million in 2017 to USD 1,895.0 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. Increasing business expansions, mergers and acquisitions, joint ventures, and other similar activities are some of the key factors fueling the growth of market.

The report provides detailed insights into the global virtual data room market, which is segmented by business functions, components, deployment types, organization size, industry verticals, and regions. In the business functions, finance is expected to hold the largest market share during the forecast period. With the rapid generation of large volumes of data, companies are concerned about the protection and security of their data during a business deal. Also, the virtual data room plays an important role in managing the compliance under the legal business function. The legal data is most sensitive data and needs to ensure high security. Hence, organizations are focusing in enhancing their software and services that assist companies with secured data sharing, while undergoing a business deal. Virtual data room enables companies to gain a competitive advantage in the market.

The rapid adoption can be observed among Small and Medium-sized Enterprises (SMEs), however large enterprises are expected to continue their dominating position during the forecast period. With an increasing focus on geographic expansion and business improvements, SMEs often intend to collaborate with global players. It is the major factor driving the high adoption by the SMEs.

The telecom and IT is expected to hold the largest market share and lead the market during the forecast period. This rise can be attributed to the growing number of devices and dependency on data to sustain in the competitive market. With the expanding highly competitive market, the telecom operators are under pressure to retain their existing customers and are concentrating over collaborative activities to strengthen and serve their customers in a better manner.

The report covers all the major aspects of the virtual data room market and provides an in-depth analysis for major countries across North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. North America, owing to the early adoption of new and emerging technologies, coupled with expanding data, is expected to continue to dominate the virtual data room market during the forecast period. APAC is expected to grow at the highest CAGR during the forecast period, owing to the growing data and increasing number of mergers and acquisitions in the region.

Cyber security issues along with the security of data and data integration are some of the major challenges faced by the virtual data room users. Security needs to be enhanced to facilitate the adoption of virtual data room solutions worldwide.

11.1 Introduction 11.2 North America 11.2.1 By Business Function 11.2.2 By Component 11.2.3 By Service 11.2.4 By Deployment Type 11.2.5 By Organization Size 11.2.6 By Vertical 11.3 Europe 11.3.1 By Business Function 11.3.2 By Component 11.3.3 By Service 11.3.4 By Deployment Type 11.3.5 By Organization Size 11.3.6 By Vertical 11.4 Asia Pacific 11.4.1 By Business Function 11.4.2 By Component 11.4.3 By Service 11.4.4 By Deployment Type 11.4.5 By Organization Size 11.4.6 By Vertical 11.5 Latin America 11.5.1 By Business Function 11.5.2 By Component 11.5.3 By Service 11.5.4 By Deployment Type 11.5.5 By Organization Size 11.5.6 By Vertical 11.6 Middle East and Africa 11.6.1 By Business Function 11.6.2 By Component 11.6.3 By Service 11.6.4 By Deployment Type 11.6.5 By Organization Size 11.6.6 By Vertical